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Kencoa Aerospace Corporation (274090) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Kencoa Aerospace Corporation KRW 3,056, price KRW 12,930, upside -76.4%, quality 20 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · KR

KA Thin data Sep 24, 2026

Kencoa Aerospace Corporation

274090 · KQ

Weakest SetupStrongly overvalued and low quality.

!Fair value 3,056 KRW · Strongly overvalued (−76%)
!Quality 20/100
!Expensive Growth (revenue 5y +19.3 %/yr)
!Loss-making · -16.0% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (3/9)
!Narrow moat 12/100
!Insider activity 45/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

34,250 KRW 7,600 KRW Fair Value 3,056 KRW May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 7,600 KRW – 34,250 KRW · fair‑value band 1,880 KRW – 3,880 KRW · the 12,930 KRW price screens above the 3,056 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Kencoa Aerospace Corporation provides aerospace products for OEM and top-tier customers in South Korea and the United States. It offers aero structures, systems, and components for business and regional jets; commercial aerospace products; and aircraft products and aftermarket solutions for AAM, military, and defense applications.

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Kencoa Aerospace Corporation provides aerospace products for OEM and top-tier customers in South Korea and the United States. It offers aero structures, systems, and components for business and regional jets; commercial aerospace products; and aircraft products and aftermarket solutions for AAM, military, and defense applications. The company was founded in 2013 and is headquartered in Sacheon-si, South Korea.

Stock analysis

Kencoa Aerospace Corporation (274090) currently trades at 12,930 KRW, while our model-based Fair Value estimate is 3,056 KRW, implying the stock looks roughly 323.2% overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of 7,824 KRW per share, and 0 of the 3 models we run sit above the 12,930 KRW price.

Bear case: the Dividend Discount group reads lowest at 3,099 KRW, and 3 of the 3 models stay below the price. Evidence for this calculation is low.

Scenario range: 1,880 KRW (bear) to 3,880 KRW (bull), the price of 12,930 KRW sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 20/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Kencoa Aerospace Corporation reported revenue of 76.4B KRW in FY2025 versus 54.7B KRW in FY2021, a compound +8.7%/yr. Reported net income was −15.5B KRW in FY2025.

Key figures

Market cap 169B KRW (≈ $125M) · P/S ratio 1.42 · Dividend yield 3.1% · Net margin −20.3% · Return on equity −8.0% · Return on assets (EBIT) −3.1% · Operating margin 0.8% · Revenue (TTM) 88.7B KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 62% below its 52-week high and 70% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −76%, 274090 screens richer than that median.

Fair Value models

Bear 1,880 KRW Fair Value 3,056 KRW Bull 3,880 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Gordon GGM 1,980 KRW 3,316 KRW 4,303 KRW 68
DDM Multi-Stage 1,980 KRW 3,099 KRW 3,567 KRW 67
NCAV (Graham) 5,839 KRW 7,824 KRW 11,677 KRW 54
All 3 models by family
Dividend Discount
Gordon GGM 1,980 KRW 3,316 KRW 4,303 KRW 68
DDM Multi-Stage 1,980 KRW 3,099 KRW 3,567 KRW 67
Asset-Based
NCAV (Graham) 5,839 KRW 7,824 KRW 11,677 KRW 54

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Quality Score breakdown

Overall quality 20/100

Of which business quality 25 · Market factors (momentum, volatility) 27

Profitability 4
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 29
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 63
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−11.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.3%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.6%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−25.1% (2020) → −12.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

274090 screens 323% overvalued. Compare with General Electric Company →

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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Aerospace & Defense” was too small, so the broader sector is used.)Energy · 1062 stocks

Beats the sector median on 3/8 measures
Overall it trails its sector peers.
Valuation
Quality Score 20 · Bottom 25%
Fair Value upside −76% · Bottom 25%
Profitability
Return on assets −2% · Bottom 25%
Net margin (TTM) −16% · Bottom 25%
Operating margin (TTM) 1% · Below median
Growth and dividend
Revenue growth 73% · Top 25%
Dividend yield (TTM) 3.1% · Above median
Balance sheet
Debt / equity 0.12× · Below median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 20
FUTURE (revenue growth)100 · sector 9
PAST (return on equity)0 · sector 23
HEALTH (low debt)94 · sector 88
DIVIDEND (yield)62 · sector 56

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
General Electric Company GE $319.22 $92.68 −71%
RTX Corporation RTX $190.99 $88.37 −54%
Airbus SE AIR €194.60 €112.75 −42%
Safran SA SAF €332.00 €365.20 +10%
Lockheed Martin Corporation LMT $524.68 $440.05 −16%
Howmet Aerospace Inc HWM $228.78 $52.47 −77%
General Dynamics Corporation GD $343.33 $274.32 −20%
Northrop Grumman Corporation NOC $514.42 $383.06 −26%
TransDigm Group TDG $1,112 $1,224 +10%
L3Harris Technologies, Inc LHX $239.21 $263.13 +10%

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Cite: Fair Value Calculator (2026). "Kencoa Aerospace Corporation Fair Value". https://www.fairvalue-calculator.com/stock/274090

Frequently asked questions

Is Kencoa Aerospace Corporation (274090) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3,056 KRW versus a price of 12,930 KRW, about −76% upside (overvalued).
What is the fair value of 274090?
Our model-based fair value for Kencoa Aerospace Corporation is 3,056 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 12,930 KRW.
What is the quality score of 274090?
Kencoa Aerospace Corporation has a Quality Score of 20/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kencoa Aerospace Corporation (274090)?
Our model-based price target is the fair value of 3,056 KRW (as of Sep 24, 2026) from 3 valuation models. Cautious scenario 1,880 KRW, optimistic scenario 3,880 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Kencoa Aerospace Corporation stock forecast for 2026?
Our models put fair value at 3,056 KRW, about −76% upside versus a price of 12,930 KRW (overvalued). Cautious scenario 1,880 KRW, optimistic scenario 3,880 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Kencoa Aerospace Corporation (274090)?
Kencoa Aerospace Corporation reported trailing-twelve-month revenue of about 88.7B KRW (latest available figure, as of Sep 24, 2026).
Does Kencoa Aerospace Corporation pay a dividend?
Kencoa Aerospace Corporation currently shows a dividend yield of about 3.09% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Kencoa Aerospace Corporation (274090)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kencoa Aerospace Corporation it is 3,056 KRW per share (as of Sep 24, 2026), against a price of 12,930 KRW. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Kencoa Aerospace Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 274090 trades above its calculated fair value: price 12,930 KRW, fair value 3,056 KRW, a gap of about −76% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 274090?
No. The price is what the market pays today (12,930 KRW); the fair value is what the company's own numbers justify (3,056 KRW). For Kencoa Aerospace Corporation the two are 9,874 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Kencoa Aerospace Corporation worth?
The market values Kencoa Aerospace Corporation at about 169B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 12,930 KRW; our models calculate a fair value of 3,056 KRW per share.
What do the bullish and bearish scenarios say about 274090?
Our models span a range for Kencoa Aerospace Corporation: cautious scenario 1,880 KRW, base 3,056 KRW, optimistic 3,880 KRW per share (as of Sep 24, 2026, price 12,930 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Kencoa Aerospace Corporation (274090)?
Balance-sheet figures for Kencoa Aerospace Corporation (as of Sep 24, 2026): return on equity −8.0%, debt of 0.12 per unit of equity. They feed the Quality Score of 20/100, which measures business quality independently of the share price.
How far is 274090 from its 52-week high?
Kencoa Aerospace Corporation trades at 12,930 KRW, about 62% below its 52-week high of 34,250 KRW and 70% above the low of 7,600 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 3,056 KRW is for.
Which stocks are comparable to Kencoa Aerospace Corporation?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Safran SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kencoa Aerospace Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price 12,930 KRW, calculated fair value 3,056 KRW (−76%), Quality Score 20/100, from 3 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 274090 calculated?
We run Kencoa Aerospace Corporation through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 3,056 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Kencoa Aerospace Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kencoa Aerospace Corporation (274090)?
The closing price on Sep 23, 2026 was 12,930 KRW. Our model-based fair value is 3,056 KRW, about −76% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kencoa Aerospace Corporation right now?
The price sits above even our optimistic bull case (3,880 KRW). The favourable scenario is already priced in. Weak quality (20/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (1,880 KRW to 3,880 KRW) leaves room in how you read the outcome.

Key figures of Kencoa Aerospace Corporation

How large is the market capitalisation of Kencoa Aerospace Corporation (274090)?
The market capitalisation of Kencoa Aerospace Corporation is 169B KRW (≈ $125M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kencoa Aerospace Corporation (274090)?
The price-to-sales ratio of Kencoa Aerospace Corporation is 1.42 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Kencoa Aerospace Corporation (274090)?
The dividend yield of Kencoa Aerospace Corporation is 3.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kencoa Aerospace Corporation (274090)?
The net margin of Kencoa Aerospace Corporation is −20.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kencoa Aerospace Corporation (274090)?
The return on equity (ROE) of Kencoa Aerospace Corporation is −8.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kencoa Aerospace Corporation (274090)?
On an EBIT basis the return on assets of Kencoa Aerospace Corporation is −3.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kencoa Aerospace Corporation (274090)?
The operating margin of Kencoa Aerospace Corporation is 0.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kencoa Aerospace Corporation (274090)?
Revenue at Kencoa Aerospace Corporation is growing +73.1% versus a year earlier (3y avg +0.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kencoa Aerospace Corporation (274090)?
Earnings per share at Kencoa Aerospace Corporation are growing −94.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kencoa Aerospace Corporation (274090) generate?
The free cash flow of Kencoa Aerospace Corporation is −30.2B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Kencoa Aerospace Corporation (274090) carry?
The net debt of Kencoa Aerospace Corporation is 19.6B KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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